subject: The Value of Money over the Human Experience [print this page] The Value of Money over the Human Experience
The Value of Money Over the Human Experience
By Bonnie Krisher
Have you ever thought to yourself, "What has the world come to?" This is often the same question that those struggling with debt ask themselves. Why? Why are creditors and their collectors so malicious? Why can't I get some small measure of grace until I get my feet back on the ground? Well if you have ever experienced a financial crisis you will know that the dollar is considered more valuable than the human being who owes it. The sappy, family oriented advertising that banks plaster all over their windows, have more to do with luring you in to debt, than the value that they are using to sell it with. The majority of consumers are approximately two paychecks from financial crisis. The most difficult aspect of debt has nothing to do with the paper that money is printed on, but what an impact that money has on the human experience.
When money is scarce and payments cannot be met, what happens? Well your creditors often start by increasing your interest, and then they start to call you regularly. Fear sets in because you have no idea who to turn to, how the credit industry works, or what they can do to you. If your account is not paid, then it is referred to a third party collections company. At that time, you can encounter their bad collection habits of threatening, harassing, and belittling.
In our experience, third party collections can breach legislation several times in a single phone call. The Credit industry has placed more value on money than the circumstances of the single parent struggling to provide, or the breakdown of the family unit that is trying to stay together. Not to mention those who fall ill, get injured, or lose their jobs. Perhaps it is important to note that the larger banks in Canada profited Billions of dollars last year.
When seeking assistance with your debt make sure that the service provider works for you, and not your creditors. Most non-profit companies are funded by the very people who are after you. Most legitimate companies will also work on a contingency basis, charging only when they are successful in assisting you and never adding to your debt. The services available to Canadians include Debt Arbitration/Settlement, Credit Counseling, Debt Consolidation, and Bankruptcy.
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